Gallup: Unemployment drops down to 8.1%, lowest level yet.

Reagan inherited a strong economy? High unemployment, inflation that required 18-20% interest rates to keep it under control, and a gas-lines snaking around several city blocks?

The revisionism that progressive socialists engage in never ceases to amaze.

 

What false claim? Romney was taxed on his income, invested it, and is now taxed on his earnings. What's false about that?

 

Do you actually have a link?

 

Quarter - Real GDP % change annualized rate
1980q4 7.4%
1981q1 8.3%

The ignorance of class warfare reactionaries never ceases to amaze.

 

Gallup.com

 

was he? or was he given a compensation and allowed to have it taxes as capital gains opposed to earnings?

A loophole in the tax laws allows private-equity managers like Romney to treat their compensation as capital gains. It’s legal but it’s a scandal. Income from employment is employment income, period.

Private-equity managers cling to the technicality that the money they take out of their companies comes from the appreciation of assets they own and sell. That may be true, but it’s still income they get from their jobs. Common sense would dictate it be treated as ordinary income.

 

Can you post it please.

 

The stagflation that occurred under Carter led to high unemployment and a severe recession in the early 1980's. It's very telling you would cherry pick a couple of quarters to support your ridiculous claim that Carter handed off a strong economy to Reagan.

I thought libs gave up defending Carter? I guess not.

 

What evidence do you have that Romney used this loophole?

I'm fine with closing loop-holes. One of the GOP platforms this year was to throw out the current tax code and make it simpler. Liberals didn't like that idea, mainly because it was coming from conservatives.

 

guess he could release his tax returns and show everyone if hes too stupid to do his taxes, or if he exploits loopholes at the expense of people who work.

 

I jsut asked and my Boss is refusing to pay me with stock options that I can count as capital gains for tax purposes.

guess it pays to be a 1%er

 

Reagan turned the Carter Staglation around in stunning fashion and would have even
more if not for that Pesky Dem controlled House.
Reagan lowered Capital gains with his 1981 tax cut from 25% to 20% and
was scheduled to go to 17.5% with his 1985 proposal but it got voted down.
But reagan couldn't win the legislative battle and had to settle for raising
capital gains rates so he could LOWER Marginal Income tax rates.

 

Do you have a link to this as well?

 

I jsut asked and my Boss is refusing to pay me with stock options that I can count as capital gains for tax purposes.

guess it pays to be a 1%er

 

Do you have a link for this?

 

Unlike those who truly " Exploit " which is around 5o% of those who pay
NO FEDERAL INCOME TAX.
Explain how that is fair.

 

Unlike those who truly " Exploit " which is around 5o% of those who pay
NO FEDERAL INCOME TAX.
Explain how that is fair.

 

I think americans have a right to retire and live off the money they earned. you dont?

 

Prove it is out of date.

 

No wonder we didn't get a link. When I asked for one...Iriemon disappeared.

 

ever hear of the misery index?

http://www.miseryindex.us/indexbyyear.aspx


Obama came into office with a misery index of 8.94 in 2011 it was 12.11... hint lower is better

any gains Obama has made on unemployment have been more than offset by inflation

 

this is great news. i'm going to jack up the listing price on my home now that everything is coming up roses

 

My misery index is higher than that.

 

This whole thread is a lie and a fail!

 

I'm sure the economy is improving, but don't simply say the numbers are better so we should thank Obama. It's a classic Post-Hoc fallacy (A occurred before B,therefore A caused B). If you want to wave those numbers around actually specify what Obama did to make them go down.